101 Herdner Rd Taos, NM 87571

Property Details for 101 Herdner Rd

Lot size

0.84 lot acres

Property size

5,460 SF

Property type

Retail space

Property subtype

Storefront properties

Description

This exceptional 5,460 square foot storefront in Taos, New Mexico, presents a compelling commercial investment opportunity. Located at 101 E Herdner Road, this property sits within the prominent Taos Commons strip center, enjoying high visibility on a major retail corridor. Adjacent businesses include Dollar Tree, Walgreens, and Taos Lifestyle Furniture Mart, ensuring strong co-tenancy and consistent foot traffic. The property boasts 25 parking spaces, accommodating both customers and employees, and benefits from approximately 25,000 cars passing daily. Further enhancing its appeal are nearby established businesses such as Albertson's, Domino's Pizza, Harbor Freight, and more, creating a vibrant and thriving commercial environment. The building features newer construction, high-end tenant improvements, and an open bay layout. Well-maintained and transferable warranties are in place. Two long-term leases extend to 2030, providing immediate and sustained income potential. The 0.84-acre lot offers ample space and the property benefits from high barriers to entry due to stringent local development processes and low market inventory. Detailed operating and financial information is available upon request and execution of a non-disclosure agreement. This is a rare opportunity to acquire a prime retail space in a desirable location with strong tenant occupancy and significant growth potential. The asking price is $2,125,000, with a price per square foot of $389.19.